Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Broker Verlingue Expands UK Footprint With Acquisition of Brunsdon Employee Benefits
Aug 4 2023 // Verlingue has announced the acquisition of Gloucester, England-based Brunsdon Employee Benefits, an independently owned employee benefits specialist. The deal, subject to regulatory approval, supports Verlingue’s...
Acturis Enters U.S. Market with Acquisition of Broker Buddha
Aug 4 2023 // After successful entries into the German, French and Canadian insurance markets, software-as-a-service firm Acturis Group has entered the U.S. market with the acquisition of Broker Buddha. Broker Buddha, based in New York...
Re/insurance Broker Consilium Granted License in Cayman Islands
Aug 2 2023 // Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority (CIMA). Consilium’s focus in the region will be in the financial and...
The Future of Variable Lines Broker Management
Aug 1 2023 // This post is part of a series sponsored by AgentSync. Key takeaways: What automation looks like for variable lines compliance How automated broker compliance can help or harm carrier reputations Why broker preferences are...
Alfa Insurance Agent in Alabama Pleads Guilty in Scheme to Defraud Elderly Victims
Jul 28 2023 // A former Alfa insurance agent in Alabama has pleaded guilty to defrauding people, most of them elderly, of more than $862,286 in life insurance. The plea agreement for Bret Chappell, 44, of Warrior, comes six months after...
Big ‘I’ Report: Independent Agency Channel Slowly Growing
Jul 27 2023 // The independent agency channel is holding ground and showing slow, steady gains in lines of business penetration, including homeowners, according to the Big “I” 2023 Market Share Report. Based on 2022 data,...
SEC Set to Adopt New Cyber Rule, Unveils Brokerage AI Proposal
Jul 26 2023 // Wall Street’s top regulator on Wednesday was poised to adopt new rules requiring publicly traded companies to disclose hacking incidents, a measure officials said was being taken to help the investing public contend...
Brown & Brown to Acquire Wholesale Broker New England Excess Exchange
Jul 25 2023 // Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale...
Howden Switzerland Acquires Specialist Aviation Broker Hudson Sky
Jul 24 2023 // Howden, the London based insurance group, announced it has acquired Hudson Sky International, a specialist aviation broker in Switzerland. This acquisition is part of Howden’s wider strategy to become a leader in its...
Leavitt Agencies McDonald-Leavitt and Leavitt United Join
Jul 24 2023 // McDonald-Leavitt Insurance has merged into another larger Leavitt Group affiliate, Leavitt United Insurance Services. This merger is intended to provide Kim and David McDonald—McDonald-Leavitt founders and...
How to Efficiently Manage Variable Lines Brokers
Jul 19 2023 // This post is part of a series sponsored by AgentSync. At its fundamental level, compliance is about making sure the people you have selling products are authorized to sell them, and are doing it right away AND the right...
Reinsurance Broker, Augment, Launches With Access to $100M in Funding
Jul 17 2023 // Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global reinsurance market has been...
Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
Jul 17 2023 // Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog...
Former California Agent Sentenced for Stealing From Consumers
Jul 17 2023 // Christopher Ramos, 45, of Santa Rosa, California, was sentenced to four years in prison after an investigation by the California Department of Insurance reportedly found he stole more than $189,000 from consumers and left...
The Bank Soundness Question: What It Means for Agents
Jul 17 2023 // Many independent agents have watched with concern as a small number of high-profile banks have faltered during 2023. Just what does this shock to the banking system mean to independent agents and brokers throughout the...
Verlingue Acquires Majority Stake in Italian Broker INSER, Advancing European Strategy
Jul 12 2023 // Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal...
Agent’s Failure to Disclose Dog Comes Back to Bite Homeowner
Jul 12 2023 // A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent,...
World Insurance Buys Schlegel & Schlegel Brokers on Cape Cod
Jul 7 2023 // Insurance broker World Insurance Associates announced that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. of West Yarmouth, Massachusetts on July 1, 2023. Schlegel & Schlegel has been...
California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses
Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...
Big I Releases Video Statement From Chairman Costello on Rusbuldt
Jul 5 2023 // The Independent Insurance Agents and Brokers of America (The Big I) on Wednesday released a video statement from Chairman John Costello related to the organization’s move to relinquishing retiring chief executive Bob...
